Capital West Advises on Sale of Cranberry Creek Hydroelectric Power Facilities to BluEarth Renewables
The Cranberry Creek hydroelectric power facilities, located near Revelstoke, BC, consist of two run-of-river facilities and a shared powerhouse, with a capacity of 11.5 megawatts. The facilities sell power to BC Hydro under long-term electricity purchase agreements.
BluEarth Renewables is an independent power producer with an extensive portfolio of wind, hydroelectric, storage, and solar facilities across North America. Backed by European infrastructure fund DIF, BluEarth’s portfolio includes projects with capacity of over 1 gigawatt in operation and under construction, with a further 5 gigawatts of projects under development.
Capital West acted as financial advisor to Advanced Energy Systems, the owner of the Cranberry Creek facilities, on the transaction.
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About Capital West Partners
Founded in 1990, Capital West Partners is an independent M&A advisory firm based in Vancouver, BC. As mid-market specialists, we deliver focused financial advice and transaction expertise to public and private companies, as well as public sector entities, in Western Canada and beyond for a range of transaction situations, including:
- Mergers & Acquisitions
- Strategic Financings
- Valuations & Fairness Opinions
- Financial Advisory Assignments
Capital West has a proven track record of 30+ years of completing transactions that maximize value for our clients. Since inception, we have completed deals with over $11 billion in combined total value.
Capital West is also a proud partner in IMAP (International Mergers and Acquisitions Partnership), a global organization of highly experienced middle-market advisory firms in over 40 countries. Through IMAP, we maximize our global reach to bring industry and country expertise to every one of our assignments, and to find our clients the best buyers and investors in North America and beyond. www.imap.com